GBPUSD Forecast

The GBPUSD continued its bullish correction yesterday, slipped above 1.5500. The bias is bullish in nearest term especially if price able to make a clear break above 1.5500 testing 1.5600 – 1.5650 resistance area. The major bearish scenario remains intact but seems interrupted and need a clear break back at least below 1.5400 to give another chance for the bearish scenario testing 1.5320 – 1.5270 important support area.

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